Magnetar Capital Hires Three for Event-Driven Credit Strategy

The firm is adding a credit component to its event-driven fund, which until now has primarily focused on equities.

Magnetar Capital, a $9.2 billion multistrategy hedge fund firm based in Evanston, Illinois, has hired three new investment professionals to launch a credit strategy that will be part of the firm’s $1 billion global event-driven portfolio. Up until now the firm’s event-driven strategies have primarily concentrated on equities.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.